CURRENCIES: Dollar Falls Against Yen As Risk Sentiment Weakens

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Hiroyuki Kachi The dollar fell against the yen in Asia trade Thursday, as fears over the global economy pushed down stock markets and prompted an adjustment of the greenback following the rapid gains of recent days. The dollar (USDJPY) ...

BOE Asks Treasury for Powers to Curb Real-Estate Lending--Update

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Jason Douglas and Art Patnaude LONDON--The Bank of England Thursday asked the government for powerful new tools to curb real-estate lending, underscoring officials' concern over the potential risk to the U.K. economy from the housing market. The request, from ...

Bank of England Asks Government for New Powers Over Housing

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Jason Douglas and Art Patnaude LONDON--The Bank of England Thursday asked the government for powerful new tools to curb real-estate lending, underscoring officials' concern over the potential risk to the U.K. economy from the housing market. The request, from ...

Australia Trade Deficit Narrows in August

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By James Glynn SYDNEY--Australia's trade deficit narrowed sharply in August to the smallest since April, government figures Thursday showed. The country posted a seasonally adjusted trade deficit of A$787 million in August, compared with a deficit of A$1.08 billion in ...

Mercedes to Launch Autonomous Driving E-Class

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

PARIS--German car maker Daimler AG plans to launch a Mercedes E-Class model with advanced autonomous driving functions in 2016, the company's chief executive officer said Thursday. "We plan to affirm our leading position in this market with the next generation ...

Russia to Support Sanctioned Sectors, Companies

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

MOSCOW-Russia will support sectors and companies that were put on the sanctions list by the West, President Vladimir Putin said Thursday. Russia's largest oil producer Rosneft, the defense sector and major state-run banks, such as Sberbank and VTB, were sanctioned ...

Argentina Central Bank Governor Resigns

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

BUENOS AIRES--Argentine President Cristina Kirchner replaced the head of the central bank Wednesday, marking the second overhaul of her economic team in less than a year. Mrs. Kirchner named her top securities and exchange regulator, Alejandro Vanoli, as central bank ...

Australian Government Redraws Welfare Plan

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Rebecca Thurlow SYDNEY--Australia's conservative government repackaged a raft of proposed cuts to welfare spending to help steer the controversial measures through a hostile Senate. The welfare cuts are part of a plan--alongside tax increases--to quickly reduce the country's budget ...

Areva to Supply Nuclear Fuel for EDF's French Reactors in 2015-2021

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Inti Landauro PARIS--French nuclear engineering firm Areva SA (AREVA.FR) said Thursday it has agreed to supply nuclear fuel for French reactors to state-owned power utility Electricite de France SA (EDF.FR) between 2015 and 2021. "The agreement guarantees the delivery ...

Australia Trade Deficit Narrows in August

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

SYDNEY--Australia's trade deficit narrowed sharply in August to the smallest since April, government figures Thursday showed. The country posted a seasonally adjusted trade deficit of A$787 million in August, compared with a deficit of A$1.08 billion in July, the Australian ...

Russian Officials Say No Plans for Capital Controls

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Andrey Ostroukh And Alexander Kolyandr MOSCOW--With the ruble falling and no sign of a letup in Western sanctions, Russia's top officials sought to reassure nervous investors Thursday that there were no plans for capital controls to stem money outflows ...

Sao Paulo CPI Rises 0.21% in September

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Rogerio Jelmayer SAO PAULO--Growth for Sao Paulo's consumer price index slowed in September due to a housing-cost drop. Sao Paulo CPI rose 0.21% in September compared with a 0.34% rise in August, the Fipe research foundation said on Thursday. ...

Argentina Central Bank Governor Juan Carlos Fabrega Resigns

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Ken Parks BUENOS AIRES--Argentine President Cristina Kirchner replaced the head of the central bank Wednesday, marking the second overhaul of her economic team in less than a year. Mrs. Kirchner named her top securities and exchange regulator, Alejandro Vanoli, ...

Thai Consumers Less Confident

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Nopparat Chaichalearmmongkol BANGKOK - Thailand's consumer sentiment weakened in September after several key indicators showed the economy has yet to make a marked recovery, according to a monthly report by the University of Thai Chamber of Commerce. The September ...

Australian Home-Building Approvals Rise

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

SYDNEY--The number of Australian home-building permits issued rose in August by 3% from July, government data showed Thursday, in the strongest month-to-month gain since May. Building approvals climbed 14.5% from a year earlier, the Australian Bureau of Statistics said. Permits ...

Europe Stocks Stay on Downward Course

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Tommy Stubbington European stocks continued to fall Thursday ahead of the European Central Bank's monthly policy announcement. The Stoxx Europe 600 fell 0.5% in early trade, deepening Wednesday's 0.8% decline. The move was sparked by weaker-than-expected economic data in ...

Europe Stocks Stay on Downward Course

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

European stocks continued to fall Thursday ahead of the European Central Bank's monthly policy announcement. The Stoxx Europe 600 fell 0.5% in early trade, deepening Wednesday's 0.8% decline. The move was sparked by weaker-than-expected economic data in the eurozone, including ...

Russian Officials Pledge Not to Control Capital Flows

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

MOSCOW--Russian government ministers and central bank officials Thursday pledged to continue a tight and conservative economic policy and not to attempt to stimulate demand or control capital flows. Speaking at an investment conference, Russia's economy minister, finance minister and the ...